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Meadows back on track in macro with 25% January gain

After big losses in 2015 and 2016, Neil Meadows spent 2017 diversifying his portfolio and reducing volatility. Now his fund has started 2018 with an impressive 25% January gain and he believes the time is right again for discretionary macro to thrive

Neil Meadows has some experience of posting punchy monthly returns, but the 25.20% posted in January by his discretionary global macro strategy – the Laurentia Global Fund – must be particularly welcome.Coming off the back of a decent showing in 2017, when the fund outperformed most of its macro peers,